Jane Street Group LLC Buys 22,466 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Jane Street Group LLC raised its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 22.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,917 shares of the company’s stock after acquiring an additional 22,466 shares during the period. Jane Street Group LLC’s holdings in Perdoceo Education were worth $3,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its stake in Perdoceo Education by 353.5% during the third quarter. Barclays PLC now owns 110,622 shares of the company’s stock valued at $2,460,000 after purchasing an additional 86,227 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Perdoceo Education by 9.6% in the 3rd quarter. Franklin Resources Inc. now owns 278,091 shares of the company’s stock worth $5,954,000 after buying an additional 24,434 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Perdoceo Education during the 4th quarter valued at about $358,000. Inspire Investing LLC bought a new position in shares of Perdoceo Education in the 4th quarter valued at about $818,000. Finally, Smartleaf Asset Management LLC grew its position in Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after acquiring an additional 913 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Perdoceo Education

In other news, insider Michele A. Peppers sold 13,091 shares of Perdoceo Education stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $392,730.00. Following the completion of the sale, the insider now directly owns 49,914 shares in the company, valued at approximately $1,497,420. This trade represents a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ashish R. Ghia sold 6,236 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $25.00, for a total transaction of $155,900.00. Following the sale, the chief financial officer now directly owns 252,130 shares of the company’s stock, valued at $6,303,250. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,782 shares of company stock worth $3,167,399. 2.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on PRDO shares. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. Barrington Research lifted their target price on Perdoceo Education from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd.

Perdoceo Education Trading Up 0.7%

PRDO stock opened at $31.31 on Wednesday. Perdoceo Education Co. has a twelve month low of $20.23 and a twelve month high of $32.03. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.75 and a beta of 0.79. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $26.12 and its two-hundred day simple moving average is $26.45.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The company had revenue of $213.00 million for the quarter, compared to the consensus estimate of $207.97 million. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year. As a group, analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Sunday, June 1st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.66%. Perdoceo Education’s dividend payout ratio is 23.01%.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.